USDJPY- Possible retracement on short term

If pair goes below 109.75--one could take short for targets 109.45--109.48 which is 38.2% of the current rally from 108.76 to 109.89 & look for up push & then a fall again in 3-waves making some decent profit as shown in chart for short term. Remember 109.89...one should be long. Regards

7 months ago

Comment:
for short term shorts ...109.91 is key resistance ...beyond which one should turn longs else first going below 109.75 & also below 109.65 can add some 20 safe pips in the zone 109.45--109.48. Regards